If you have a bad debt and after 7 yrs on credit report and it turns into a write off by the credito

Ok a bad debt on your credit report for 7 yrs and than is reported as a write off by te creditor and put on credit report for another 7 yrs is that right??? To me that is double punishment and not right how do you get it off the report by paying or asking the creditor to take off?? Please let me know thank you.

If you have a bad debt and after 7 yrs on credit report and it turns into a write off by the creditor?

IamIntresting is absolutely wrong.

When they refer to the %26quot;last transaction%26quot; on an account, it means the last time you made a payment, or put a charge on the account. Please refer to many of the state statutes as it does specifically state this. A charge-off has nothing to do with re-aging a debt%26#039;s SOL.

Now, let me ask you a question. Would you rather pay off this debt and get it off your credit report......or would you rather collect $1000 from them for listing a debt past the 7-year reporting period required by the Fair Credit Reporting Act?

HUH???

Please read section 809c of the FCRA. It clearly says that debts can not be reported longer then 7 years, starting from the date of the delinquency.

NOT the charge off date. NOT the last transaction date.

So what you need to do is the following:

1) Read the FCRA link below.

2) Send a dispute letter to the Credit Bureau

3) Send a validation demand letter to the creditor

4) If it%26#039;s not removed within 30 days, send one last letter to the creditor.

5) File a small claims lawsuit (you don%26#039;t need a lawyer)

6) Spend your $1000

If you have a bad debt and after 7 yrs on credit report and it turns into a write off by the creditor?

You need to ask the creditor 2 remove it

If you have a bad debt and after 7 yrs on credit report and it turns into a write off by the creditor?

statue of limitations come in to play what ever it is for your state

If you have a bad debt and after 7 yrs on credit report and it turns into a write off by the creditor?

up to credit reporting company contact them to contest it, staue of limitation only appies to they taking you to court for the debt.

If you have a bad debt and after 7 yrs on credit report and it turns into a write off by the creditor?

contact the credit reporting company.

Equifax

Trans Union

Experian

You can file a dispute with them online and they have 30-45 days to fix it.

If you have a bad debt and after 7 yrs on credit report and it turns into a write off by the creditor?

The statute of limitations is set on the date of last activity. If there is an activity such as a charge off or it is sold to another company it will often restart the statute.

The laws are constantly being bent, I know its unfair, but really you should have paid the debt to begin with.

Asking the creditor wont do much. I would reccommend disputing it or having someone dispute it for you.

Here is a good site to learn how.... http://www.expert-credit-advice.com/

Try to do it yourself instaed of just hiring someone. Its a learning experience

If you have a bad debt and after 7 yrs on credit report and it turns into a write off by the creditor?

Bad credit is one of the worst problems to have... however there exists a solution.

I will hereby talk from my personal experience.

I did debt consolidation a couple of years ago, however If I had to do it again I would pay to some minor details,

if someone wants to get out of debt today it is pretty easy with a debt consolidation plan, however it may get a bit tricky at times, I suggest you get as much information as possible online on this first,

a good place to start in my humble opinion is astraight to the point ebook with question and answer I found :

http://umgarticles.atspace.com/debt-cons...

if it helps kindly remember me in your voting!.. cheers!